Oil Prices Cause Dip in Multifamily Market, But Value-Add Opportunities Remain Strong

rebusinessonline.com

ARTICLE:
Published by Rebusiness Online | written by Haisten Willis

Although Houston’s local economy is not exclusively dependent on oil and gas, re-energizing this sector will be key to a multifamily rebound in the area. Since the downturn in oil prices over the last two years, Houston’s multifamily market has been one of the most impacted victims of the area’s economic slowdown.

Oil and gas is estimated to represent about one-fifth of Houston’s economy. This does not include construction and other new development that depends on the oil and gas industry.

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Source: http://rebusinessonline.com/oil-prices-cause-dip-in-multifamily-market-but-value-add-opportunities-remain-strong/